Audit-Team Head-COE & Audit Strategy

HDFC Bank; Mumbai; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

A leading financial institution in Mumbai is looking for an experienced professional to supervise the Internal Audit function. The candidate will be responsible for managing audit activities, preparing reports, and ensuring compliance with industry standards and regulatory guidelines. The role demands strong analytical and communication skills, along with over 10 years of relevant experience. An MBA (Finance) and knowledge of MS Office are essential for success in this position.

Qualifications

• 10+ years of experience in a related field.
• Strong analytical and communication skills.
• Proficient in MS Word and Excel.

Responsibilities

• Assist in supervising the Internal Audit function.
• Manage various central level activities.
• Prepare/review notes to the Board and Audit committee.
• Ensure timely release of quarterly audit calendar.
• Evaluate and manage the audit team.
• Conduct necessary Adhoc reviews.

Skills

Effective Communication and drafting skills

Analytical ability

Knowledge of MS Word and Excel

Ability to plan & execute Audit plans

Ability to meet deadlines

Knowledge of related areas of operations/RBI guidelines

Education

Commerce Graduate

MBA (Finance)

Job description

• Assisting GH-Audit in supervising the Internal Audit function
• Manage various central level activities required for maintaining effectiveness of Internal Audit function
• Review of released Internal Audit reports from quality check perspective
• Providing value addition to the job by suggesting areas of development / improvement, if any

KEY RESPONSIBILITIES

• Preparation / review of notes to the Board and Audit committee alongwith presentation under guidance of Group Head – Internal Audit
• Ensuring preparation / review and timely release of quarterly audit calendar to the Group Head
• Carrying out review of manpower budgeting and risk categorisation of branches / units on an yearly basis and suggest areas of development / improvement, if any
• Ensure yearly review is carried out of Audit Plan / manual is carried out in a timely manner and suggest areas of development / improvement, if any
• Reviewing of audit reports released as a part of quality check covering the scope and coverage of audits
• Suggest and carry out necessary Adhoc reviews, as deemed appropriate, for maintaining the parity of approach in audit reports
• Suggesting/bringing value addition to the Internal Audit function through various reviews/activities.
• Ensuring collation of data / reviews / interfacing and providing information to Statutory auditors /RBI inspectors/SOX auditors etc
• Collating and assisting GH in review of promotions and appraisals during the year
• Carrying out Adhoc assignments / reviews / activities, as assigned by the Group Head
• Maintaining co-ordination within the department and also with other departments for necessary work
• Evaluating work done by team, manage team, develop talent, build effective team by proper training to subordinates and create bench strength
• Keeping abreast of industry standards and regulatory guidelines / regulations

Educational Qualifications

• Commerce Graduate
• MBA (Finance)

Key Skills

• Effective Communication and drafting skills
• Analytical ability
• Knowledge of MS Word, Excel is mandatory
• Ability to plan & execute Audit plans
• Ability to meet deadlines
• Person having knowledge of related areas of operations/RBI guidelines on banking operations would be preferred

Experience Required

• 10+ years’ experience in related field

Major Stakeholders

• Staff of various departments including staffs within the department